45% of recent Canadian immigrants, especially from South Asia, report financial strain, per Statistics Canada data.

Nearly half of recent Canadian immigrants report financial strain, especially those from South Asia, according to Statistics Canada data. The study showed that recent immigrants face greater difficulty meeting financial needs compared to more established immigrants or those born in Canada. Immigrants from the US and Europe faced less financial difficulty, while those from other regions reported more hardship.

June 19, 2024
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